Now that you’ve received your year-end bonus,
you have probably made up your mind about whether you’re going to
stay in your job this year, or leave in search of greener
pastures.
But searching for a new job in 2018 isn’t just
about spamming every single job ad and then taking the offer of the
highest bidder.
No, you need to be strategic about which
companies you apply to. That’s because industries rise and fall in
Singapore faster than the tides.
Get a job in an industry that’s on the rise,
and you could find yourself enjoying rapid promotions and a
vertiginous ascent of the career ladder in the years to come.
Pick the wrong industry and you could find
yourself retrenched, or just toiling away year after year for in a
dead end job with no prospects for the future.
To help you out, here are the industries
receiving a ton of hype in Singapore in early 2018.
Singapore’s status as a financial hub has
meant that adapting to and profiting from fintech disruptors has
been imperative.
Over the past few years, the number of fintech
startups in Singapore has grown, and with it, the demand for
workers with knowledge of financial products and markets, as well
as those with tech, product management and digital marketing
skills.
Some stalwarts to take note of
include Flywire,
which enables people to make and receive international payments
online without incurring huge fees, TradeHero, a
stock market simulation app and (ahem) MoneySmart,
which enables users to compare loans, insurance and credit cards
for free and apply for them at the click of a button.
So if you’re hoping to find work at a tech
start-up, definitely consider one in the fintech space, as room for
growth is tremendous and you’ll be picking up useful skills and
knowledge that will enable you to tap into a wealth of fintech
career opportunities.
No matter what you feel about the future of
Bitcoin, Singapore
has turned overnight into a hotbed of cryptocurrency startups,
no doubt riding on the coat-tails of the fintech boom.
Some cryptocurrency startups to take note of
include CryptoWallet,
which enables users to buy bitcoin in shopping malls, FundYourselfNow,
which is a cryptocurrency crowdfunding platform, and CoinGecko,
which publishes cryptocurrency data and charts.
Cryptocurrency and blockchain technology only
recently penetrated the mainstream consciousness, so it’s still
early days, meaning there’s lots of room to learn and grow for
those who are forward-thinking enough to start to build expertise
in this domain right now.
Start-ups in general, whether soundly in the
tech space or in-between, can be a good place to start or
rejuvenate your career, especially if you choose the right business
at the right time.
Entering an early or middle stage start-up
means you have a good chance of being offered company shares, which
also means that if the business makes it big, you’ll be making a
lot more than your salary. Of course, if the business tanks, the
same will apply to your investments, which is why it’s important to
choose your employer with care.
The start-up space in Singapore has exploded.
Many start-ups have snagged multi-million dollar funding offers and
gone on to become household names, including Carousell, Honestbee, 99.co and Redmart, to
name just a few.
As an added bonus, start-ups usually boast a
more casual, egalitarian and flexible working environment, which
appeals to younger workers, in stark contrast to the stereotype of
the old-fashioned SME.
While “start-up” doesn’t strictly have to mean
tech start-up, the reality is that the fastest rising businesses
that receive the most publicity are tech start-ups. That being
said, any new business with plans to grow qualifies as a
start-up.
Seeing more six-packs at Raffles Place these
days? Well, the fitness landscape in Singapore has evolved
dramatically over the past decade.
We’ve come a long way from the days when big
gym chains like California Fitness dominated the fitness scene.
These days, Singaporeans are looking for more
varied and more novel fitness options. Boutique fitness businesses
are more likely to succeed than ever before.
Yoga, pilates, MMA and CrossFit have become
immensely popular, and more bizarre-sounding fitness options
like Bbounce
Studio’s brand of rebounding fitness, pro wrestling
fitness from Grapple
MAX, ballet-inspired barre classes like what you’ll find
at Barre2Barre,
and SURFSET’s surfing-inspired
workout are becoming increasingly common.
What’s more, the closure in 2016 of California
Fitness, one of the fitness industry’s biggest players, has
made more room in the fitness industry for smaller, boutique
players.
Tech start-ups such as KFIT and GuavaPass have
also cashed in on Singaporeans’ penchant for sampling and novelty
by enabling users to sample a wide variety of fitness classes
across many disciplines.
Thanks to an increasing preoccupation with health and
fitness, especially from the affluent PMET demographic, the fitness
landscape in Singapore looks set to grow further.
The post Top 4 Trending
Industries in Singapore in 2018 appeared first on
the MoneySmart
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